The AUDUSD pair returns to trade negatively approaching from 0.8980 level, and the price needs to break this level to confirm the continuation of the bearish bias.
In general, we remain preferring the bearish trend in the upcoming period supported by the EMA50 and stochastic, reminding you that our next target at 0.8860.
Expected trading range for today is between: 0.8900 support and 0.9080 resistance.
Expected trend for today: Bearish